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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - March 27, 1973, Lethbridge, Alberta y, March 27, 1973 TUB WTHSRIOO! 17 Stock prices up in active trade TORONTO (CP) on the Toronto stock market moved higher in light mid- morning trading today, change, The industrial index, consid- changed ered a major indicator of mar- shares. ket trends, was up 1.30 to 222.33, base metals .42 to 100.46 and western oils 1.38 to 243.45. Golds were down 1.38 to .225.95. Volume by 11 a.m. was 000 shares compared with 000 by the same time Monday. Advances outnumbered de- clines 180 to 82 while 196 issues remained unchanged. Oil refining, steel, general manufacturing and pipeline is- sues wer eamong sectors of the market recording gains while merchandising and real estate stocks suffered losses. Canadian Corporate Manage- ment B rose 1% at Impe- rial Oil to Texas Gulf to Bow Valley Ve to and Noranda Mines to Canadian Tire A fell 114 to Metropolitan Stores 1 to Nova Scotia Savings to Consumers Distributing to and Hardee Farms five cents to Rio Algom was up Vi to Chemalloy 20 cents to and Brenda Mines 15 cents to United Siscoe lost 'A to and Cassiar to Asamera gained IVt to and Canadian Homestead 20 cents to Voyager Pet de- clined 10 cents to 55.90. National Trust fell to and Maritime Electric 1 to On the Canadian Stock Ex- Fallinger at was un- on NEW YORK (AP) SIOCKS gained sharply today, contin- uing an upward trend started the previous day. The Dow Jones industrial av- erage was up 8.85 to 936.48. Ad- vances beat out declines three to one. Among Canadians, Inco ad- vanced to Canadian Pacific to and Alcan V4 to Seagrams dropped Vi to and Dome Mines Vi to On the American exchange, Brascan rose Vi to Scurry-Rainbow to and Canadian Javelin V4 to New world air routes considered Closer co-operation with oil nations stressed in report By JUAN DE ONIS New York Times Service PARIS A major study by entrgy experts oC the world's largest industrial countries pic- lures a decade ahead of grow- ing dependence on Middle East and African oil sources, with rising prices and political risks overhanging needed supply. The report says "close co-op- eration" among consumer countries is "an absolute need." The report lias been adopted not yet the Tax return tips For further Information, call the District Taxation Office, If you live in a loll area, ask your long distance operator for ZENITH 0-4000 and your call will be placed without charge. amounts paid into a registered (retirement savings plan up to or 20 per cent of your earned income for the year, (whichever is less. Oil committee at the organiza- tion for Economic Co-operation and Development which in- cludes the United Stales, Can- ada, the European Common Market countries, and Japan. It forecasts a de- mand for oil, including Com- munist countries, reaching 4 billion tons in 1980 .more than half again as much as in 1970 with' 70 per cent of this being consumed in the 20 O.E.C.D. countries. This would mean an Increase of demand in the O.E.C.D. group from 1.57 billion tons in 1970 to 2.7 billion tons at tho end of tliis decade. Less than Q I understand" flat the em- one-third of this growth can be ......_____o_. ploymcnt expense deduction UUled from these countries own Q My employer pays me an I can be claimed to a maximum resources in lexas, Alaska, aUowaice to my board of Can I still claim my the North Sea and elsewhere, and room while I am working union dues in addition to this I The greater part will have to at distant work sites away claim? come in imports from the Mid- from nvy ordinary place of res- A. Yes. You can still claim die East and Africa, which idence where I support my Jjour union dues as you did in holds two-thirds of the world's wife and family. Previously, I previous years. Please note, proven oil reserves, was told that this had to be in- however, that receipts are not jn the case of the Unl- cludcd in income for income required for the employment ted States, the report foresees tax purposes because I was not expense deduction but you imports rising from 22 per cent a construction worker. I under- should secure receipts for your of supply in 1970 to 40 per cent stand that this no longer ap- union dues and attach these to in 1980, or 1.2 billion tons an- MONTREAL (CP) All sec- tors advanced in moderate trad. ing on the Montreal stock mar- ket today. Combined volume on the Mon- treal and Canadian stock ex- changes at II a.m. was shares, compared with shares at the same time Mem day. Industrials advanced 1.87 to 241.85, the composite 1.76 to 228.91, utilities 1.60 to 1C0.6! banks 1.19 to air.W and papw .68 to 121.47. On the Montreal Stock Ex change, Credit Fonder gained to Power Corporation to ?12Vi and Canron to Coal pile The Norwegian freighter Naess Meteor, taking on a cargo of polash and sulfur, is dwarfed by a black mountain of coal at Neptune Terminals in Norlh Vancouver. OTTAWA (CP) The federal government is considering a lew division of world air routes >etween Air Canada and CP Air, Transport Minister Jean Marchand said Monday. He told the Commons a deci- sion will be made "very soon" on which airline gets the potea- tially-high-profit route to Milan, Italy. New Democratic Leader Da- vid Lewis raised the issue by asking whether the minister is aware of reports that Air Can- ada Chairman Yves Pratte has Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, McGaaig Limited) LAST BID OR SALE plies. Is this correct? I your return A. Yes. This exempting pro- vision now applies to all work- ers employed at a oUstant work site providing they meet tile other necessary conditions. Q. I arrived in Canada in Grain prices nually. In the European Economic Community, an increase of pro- duction from North Sea fields, to 150 million tons annually by 1980, will still leave 950 million tons to be imported to meet de- i.m. Qurjresi Quotes) a.m. Quotes! Work starts on Eaton's restaurant Construction was scheduled to start today on Eaton's 000, 112-seal restaurant. Dorigatti Construction of Lethbridge received the gener- al contract (or about Parson's Electric of Lethbridge received the electrical contract for about Standard Metal Products of Calgary re- threatened to resign if CP Air gets Milan. Mr. Marchand said he has of- ten discussed the problem with Mr. Pratte but "he has never threatened me with resignation and I think this report is not true.11 NDP members have sug- gested that the Milan route should go to Air Canada, which is a Crown corporation. CP Air is privately-owned. Don Mazankowski told Mr. Marchand that under 1965 government policy dividing world air routes, Milan should be served by CP Air. The cabinet is reported to have1 received strong represen- tations from the West-CP Air hsadqquarters in Vancouver 'to give the route to the private company. CP Air now serves Rome but Air Canada has no regularly- scheduled flights to Italy. The only foreign country served by both Canadian airlines is the WESTERN OILS AND MINES AIM East Gas Almlnex Asarnera Ashland BP Canada Brenda Mines Can SovrHi Cdn Ex Gas Cdn Homestd Cdn IncJ Gas Oil Cdn Long Is Cdn Super Charter Chief tan Dame Pete Dynasly Fort Reliance Giant Mascot Graniste Gt Plains Gt Cdn Oil 5 Lcchlel Lyllcn Mln Noble Mines North' Cdn Oils Numac Pancdn Pan Ocean Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain Selbens Spooner Tote I Pele Ulsler West Pele W. DecaHa MISCELLANEOUS INDUSTRIES Acdes Ltd AquHatne EC Sugar Pfd Blcclc Bros Brinco Cdn Brew A Cdn Brew B Cdn Pacific .Inv Cresibrook Ind 9.30 6.10 12.50 14.00 lfi.25 5.25 4.60 4.00 a.oo 9.60 .31 3.65 9.75 33.25 B-SO 2.95 1.56 1.01 6.40 16.75 15.00 15.00 2S.75 7.75 7.75 13.75 7.00 16.75 40.50 3S.50 22.CO 47.25 51.00 42.00 19.75 AGF Spec Cdn In Fd: Coll Mut Comm Inter Comm Lever Comm Corp Invest Corp In St Fd Drey Fd U.S. Gr Pacific Gr In Shares Gr Equity In Gr Fd Mutual Un Accum 11.25 Unlv Savings Crovranest Ind Cygnus A Cygnus B Falcan Copper F and M Trust Genslar Home A Home B Hud Co Hud Bay Oil Hud Bay A Pfd 8.87'A Hugh Russell .30 Husky Oil 51.50 Husky Oil B Pfd 43.12'A ..._.____ 4.CO Husky D War 6-30 MuT Gr Fd Husky E War 8.10 Nat Res 4125 Inter Prov Pipe TO.B7V; N.W. Cdn Intre Prov Sleel N.W. Growth Kaiser Res 2.75 Prin Growth C Pfd Roy fund M MacmasonTcs Temp Pacific Pele PW Air Rainier Inc Royal Trust St Maurice Cap Teledyno West Cdn Seed Westllerd Mln Weston A Pfd ,2H'z White Yukon ,60 PIPE LINE STOCKS Alta Gas A Alia Gas Pfd AMa Nat Gas Nat Gas N anl C Gas N and C 8 PFd Pacific Trans Gaz Metro Gaz Metro A Trans Cda Pipe Tr Cda A Pfd Tr Cda B Pfd Tr Cda War WC Trans WC Trans Wti i'WVi MUTUAL FUNDS 27XW All Can Com 32.00 All Cdn Divl 30.62V? All Cdn Vent Amer Gr Fd 2.90 5.69 6.41 7.04 15.38 16.90 3.94 -5.33 7.63 6.32 6.94 4.15 4.57 8.65 9.5Q 12.60 13.77 6-56 6.U 6-89 3.95 4.35 7.95 5.68 6.24 5.38 5.91 4.93 5.41 6.94 7.72 3.97 6.10 6.7D 4.EQ 6.00 1.22 63.00 5-30 15.75 24 50 15.25 3.00 Barons Oil North Con.1 West Warner VANCOUVER MINES Afton Alias Explor Bath Norse 74.55 croyden Dankce 11 75 Davenpwt 11 50 Dally Varden Equitorial Res 4, BO 47.00 40.00 Wardair share sale approved OTTAWA (CP) Cana- dian transport commission has cleared the way for the sale of a one-tliird interest in Wardair Canada Ltd. to Air Canada. The commission announced Monday that the proposed ac- quisition of Wardair shares would not be against public in terest. CP Air, Nordair Ltd.. Pacific Western Airlines Ltd., Transni Ltd. and the Vancouver Board of Trade had asked the commis sion to block the share purchase agreement on the grounds that it would unduly restrict com- petition. Wardair, an Edmonton-based comoany; is the largest air charter earner in Canada with second and said that WINNIPEG (CP) ______________ April oE 1972 and I am told commodities except rye posted mana fa 1950, or 83 per cent that T have to prorate my slight tosses in a good volume of total supplies, standard deduction for medical of trade at mid-session on the Japan will continue to be al- fecs and charitable donations Winnipeg Commodity Ex- most totally dependent on for- filing my income tax re- change today. eign oil sources, vrtth imports turn What does this mean? Rye prices were up about one exceeding 500 million tons by A As explained in the Guide cent in a broad demand. the end of the decade, which accompanies your tax re- Rapeseed prices were down "Increasing purchase of oil turn you need report only the slightly in all trading months, abroad point to the importance income you earned after you oats and barley were firm to. of reliability of these supplies, arrived in Canada. On the oth- marginally lower and flax which can be interrupted for er hand you are not entitled prices fluctuated as much as 12 technical, commercial and o claim personal exemptions cents. litical the report said, and the standard deduction for Monday's volume of trade R added: he full year For example, if was bushels of flax, "Present circumstances in in Canada on rapeseed and the world oil market under- you arrr 5 you would have resided here 000 of rye. for 260 of the 3GG days of score that the dangers of inter- Mid-session prices: Iruption of normal supplies will md would be entitled to claim Flax: May H4 lower 4.15A; be greater in the years to come a standard deduction of 260-366 July 9% higher 4.12A; Oct. 6 than in the past." of or instead of higher 4.09A; Nov. 2% lower Although the report did not Your personal exemption would 3.98B. specify which political risks Rapeseed Vancouver :Marchwerc involved, informed Itt lower June low- sources said the discussions in 3.75A; Sep 2: lower 3.71A; the oU committee have men- A Yes You still have to se- Nov. 2 lower3.55J4A. Honed the possibility of a Mid- receiots for all claims for Rapeseed Thunder Bay: May die East conflict between Arab "is You must IVi lower July 2Ms low- oil states and Israel. The com- i unchanged I mercial risks referred to pos- sible differences between prc- CBra SstySur claim on the sched- cr 3.5414A; pet. 39A Nov. not o Air Canada rankiiv CP Air third.. The commission provided with your income 3.39A; Nov. not open return, and you must attach Oats: P rimer pyramid Silver Slan Valley Conner 41.00 10.00 32.50 5.00 INDUSTRIALS Cap Infer Col Brewing Hys Canada Key 7.74 6M Albany Oils fl.35 9.13 Plains Pete 4.42 4.50 Stam lnt'1 Res 5.78 6.35 West Explw 1.60 3.15 6.00 .27 ceived a contract to sup- ply kitchen equipment, tables and chairs; and Eaton's Winni- peg office will be responsible for to worth of de- sign and small equipment, such as carpeting and dishes. The restaurant, is to be open- ed in late May at the south end of the second floor. The cafeter- ia will cover about square feet of floor space but will not infringe on selling space. It is to be located jn an urea form- erly occupied by the employ- ee's cafeteria, stock room and offices. United States. Record set at bull sale Toronto mines, industrials (Supplied By Richardson Securities of Canada) LAST BID OR SALE Livestock CALGARY light Teceipls to IT a.m. today of 750 head at the Calgary pub- lic stockyards were mainly slaughter classes. Trade was moderately active. All slaugh- ter classes selling ur.der pres- C.ITR st lower prices, tilaughtcr steers and heifers 50 cents lower. AH grades of cows lower and bulls were lower. Steers Al and 2 42.50 to 43.40, A3 41.25 to 42.50. Heifers Al and 2 41.50 to 42.60, A3 40.23 to 41.50. Cows Dl and 2 31 to 35 with odd sale higher. D3 32.75 to 34, Dl 29 to 32.75. Good bulls 37.50 lo 39. Replacement cattle In shorl supply and selling at lower prices. Good heavy feeder steers over 000 pounds 42.50 to 44. A few good heifer calves sold to 49. Hogs fob Calgary to 11 a.m. average base price 44.45. Beef futures WINNIPEG (CP) Live bocf futures close Monday. May 44.35A; Jly 43.40A; Scp 42.00; Nov 40.55N. Frid ay's volume: Six con- tracts. EDMONTON (CP) -A rec- ord average of was set [or Aberdeen Angus bulls at the Canadian Western Live stock Show and Sale Monday. The record squeaked past the figure set last year. The grant champion bull, en- tered by Ralph Griffiths .of Cor- onation, AlEa., sold to Joseph Hesse of St. Albert, for The reserve grand champion iul I, ent ered by Larkspur Farms Limited of Dapp, was bought by G. W. Erdell of Mayorthorpc, for The shorthorn breed became he first ever to average more than at a Canadian west- ern sale. Fifteen bulls set a new higb average mark for the sale and the breed of The pre- vious record was set last spring when 21 shorthorn hulls aver- aged a.m. MINES Acme Advocale Asb. AkaiTcho Bralornc Broulan Bethlehem Can. N.W- Land Canada Tung. Cassiar Cenlral Pat. Chimo Ctmweit Rambler Coi'n Lake Ccchcncur Craigmont Dkfcenhon Mines Deniscn, Minse Htwn D'Eldcns Dome Alines Donalda Discovery M'ne Ea f Malartic East Sullivan -Falccn bridge Frotex Firs! Maritime; Giant Y.K. Granduc Hollintjcr r.m. Guolesl a.m. QuoTtl) .li 1.16 .75 2.50 1.90 12.75 1.26 1.25 6.60 3.40 .78 7.10 3.45 73.50 .It 1.05 3.00 3.10 71.50 .39 7.50 2.90 45.50 Norlex Osisko Pine Pofnt Placer Dev. P.C. Exp. Quebec Man RsyfOcX Radiore R1o Algom Roman Corp. Sherrill Gordon Sleep Rock Tefc Corp. Texmont Upper Canada Western Mines Wright Hargreavei Windfall ____ Yellowknife Bear Loblaw A Zenmac .081'? Kaps INDUSTRIALS Met Stores ll.TZV'i Massey F4 Sep Nov 380 361% 37IV4 35W4 378V4 373 35714 surance company. salaried income Q. I am self-employed anrl I pay into a registered retire- ment savings plan with an in- I have no and under- sland that I can claim for in- come tax purposes, a maxi- mum of for my retire- ment savings plan. Is this cor- reel? A. If you are not covered by an employee pension plan you Rapeseed Thunder Bay May 362 353Vk 3 Jly 36m 357 3 Oct Nov Oats May 115V4 115 Jly Oct Dec Barley May .iiy Oct 355% 357 339 310 115 110 103 105 ducers and consumer countries over oil prices, or over nation- alization of oil concessions. To meet the need lor expand- ed oil production, and in- creased transportation, refin- ing and marketing facilities, the report forecast an "overall financial need" for investments in oil of billion during the ecade, excluding the commu- nist countries. This compares vith invested in oil during the 1960's. The report examined the de- Telopment o! among the major producing countries since the formation of the organization of pc- roleum exporting countries in 1960 co-operation which help- ed push prices ol oil from pro- ducing nations up more than 40 per cent since 1971. Given the established power of the producers, then, the re- port said the O.P.C.D. consum- ing countries have an "absolute need" to co-operate, although it said the "future role of con- sumer governments may not yet be clear." 150% 148 150 Dec Rye May Jly would bo entitled to claim I Dec Oct 140Va 149'A 137 138% 149 149 V4 149 138% Dollar value MONTREAL (CP) U.S. dollar in terms of Canadian funds at noon today was un- changed at 31-50. Pound sterling up 8-25 at 9-50. In New York, the Canadian dollar was unchanged at 19-50, Pound sterling up 37-100 I at ?2J8 3-25. Ask for this "took let Neiv York stocks (Supplied B; KJcnardson Securities of Canada) Amr T arvd T Anaconda Beth Steel Chrysler Comsa t Dupont Gen Motors Gulf tnt Harvester Kenn Copper Mont Ward 51.871A Sears 52.00 X-Ron 28.37V6 Texas Gulf Texas Co 53-871'j Wicks Corp 163.00 Woolworlh 71.97'AWest Elec 24.75 U.S. Steel t2'A Gen 1M.37U20 Golds off 10 Base Met 100.30 up .M IS West Oils 24J.39 Up 3.33 37.00 Volume 13.75 NEW YORK AVERAGES 33 Ind 934.48 up 8.53 31 37lj 29 Rails up 28.00 15 Ulil 107.42 up ,43 28.00" TORONTO AVERAGES 65 SfccScs 294.J7 up 2.6J 21.37V4M Ind 222-33 Up 1.30 to learn howyou may obtain an IDS loan to assist in starting, modernizing or expanding your business anywhere in Canada- Breneti Ollkasi Winnipeg Br iMm Beflina UUibrk! se Calsary Edraorton ;